August 25, 2010
Chicago Board of Education members today approved an amended District’s 2010-11 operating budget of $5.282 billion.
The vote by Board members came during their monthly meeting at CPS headquarters, 125 S. Clark, and followed months of budget preparation by staff and a series of public hearings and amendments that reflect recent promised federal funding .
The operating budget includes teacher and staff salaries, benefits, commodities and utilities, equipment, other charges and non-personnel items, such as transportation and contractual services. The total 2010-11 budget, including projected capital expenditures and debt service, is $6.566 billion. The budget, by law, is balanced.
“The FY 2011 budget is a realistic spending plan that involved a lot of shared sacrifice and difficult decisions,” said Chicago Board of Education President Mary Richardson-Lowry. “Staff has worked very hard to create a budget that can weather this national recessionary crisis and preserve, to the greatest extent possible, our educational program.”
District officials worked to produce the balanced budget despite the significant economic stresses being felt by school districts and other local units of government throughout the U.S. During the past year, CPS officials have implemented a series of administrative and Central Office staff reductions, operating efficiencies and unpaid furlough days for many non-union employees to cope with revenue shortfalls and delayed state aid payments.
Federal legislation passed this month will provide the District with a projected $106 million in one-time revenue and will be used immediately to restore the average high school class size to 31 students and restore some bilingual teaching positions, according to CPS Chief Executive Officer Ron Huberman. CPS is acting immediately to take these steps because of their critical impact on schools, though the funds have not yet been appropriated by the state.
Today’s amended budget plan will be adopted as the final budget and will be available to the public within the coming days.
Chicago Public Schools serves 417,855 students in 675 schools. It is the nation’s third-largest school district.